ADP Non-Farm Employment Change and ISM Non-Manufacturing PMI in the US as well as key releases in the UK are the main events today. Here is an outlook on the market-movers awaiting us
In the US, Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change, monthly indicator of Job creation and affects the consumer spending, is about to drop from 91K on September to 76K this month.
Later in the US, The Institute for Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI), is about to drop by 0.2 points but still shows business expansion with 53.1 points.
More in the US, Crude Oil Inventories, weekly measurement of crude oil barrels that are held in inventory, 1.9M is expected with no change from the last time.
Finally in the US, Challenger Job Cuts, the number of announced by employers jobs is about to remain 47 % similar to the previous month.
In Europe, Retail Sales, monthly important sign of consumer spending, due to drop from 0.3% on September to -0.2% this month.
More in Europe, Final Services Purchasing Managers’ Index (PMI); is about to remain 49.1 points.
Finally in Europe, Final Gross Domestic Product (GDP) is due to remain 0.2% like on the last quarter.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Current Account, quarterly indicator that is linked to currency demand, is about to additional reduce from -7.4B to -10.4B on this quarter.
More in Great Britain, Halifax House Price Index (HPI), main indicator of housing industry’s health that value the price of households that are been financed by Halifax Bank of Scotland (HBOS), is about to rise from -1.2% on the previous time to 0.3% now.
Later in Great Britain, Final Gross Domestic Product (GDP), 0.2% is expected with no change from the previous quarter.
Finally in Britain, Prelim Business Investment, measures the capital investments that is made by industries and the government, -3.2% is expected with no change from the last time. and no change is expected also in the Revised Business Investment.
Read more about the Pound in the GBP/USD forecast.
In Australia, Retail Sales, main monthly gauge of consumer spending, is about to drop by 0.2% to 0.3% this time.
For more on the Aussie, read the AUD/USD forecast.
Happy forex trading